Twitter continues selloff, shares -4.7% premarket


Twitter's (TWTR) premarket drop follows a 13% decline in regular trading on Friday, which came in the wake of a Macquarie downgrade.

Shares have now given back most of last week's gains, but remain up slightly from their Dec. 20 close. After factoring options/RSUs (brings the company's diluted share count to roughly 700M), Twitter's market cap is still north of $42B.

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Comments (19)
  • 81george
    , contributor
    Comments (299) | Send Message
     
    Trend got broken dust partly settled. Now it's common sense vs. emotional attachment to the stock. Evaluation of commitment among novice traders leads to slaughter. Cut losses or fix profits and get out. This is now a casino game when house always wins.
    30 Dec 2013, 09:20 AM Reply Like
  • benitus
    , contributor
    Comments (3472) | Send Message
     
    Yes, 81george. Fully agreed. Common sense vs. emotional attachment. Can't put it better myself. Time to head for the hills, for those who're still dazed by Friday's slide and still dreaming of a bounce (too early to happen).
    30 Dec 2013, 09:47 AM Reply Like
  • Deja Vu
    , contributor
    Comments (1816) | Send Message
     
    Longs toot, longs tweet...
    They ain't gonna land,
    on their feet
    30 Dec 2013, 09:21 AM Reply Like
  • benitus
    , contributor
    Comments (3472) | Send Message
     
    Sanity has now returned and those still in orbit must return, or else, they'll get adrift. My heart bleeds for those who're still indulging (or thinking of) in insanity.
    30 Dec 2013, 09:45 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7575) | Send Message
     
    Reality visits the stock market sooner or later. I started my short on Dec 26 at $74 and stick to it.
    30 Dec 2013, 10:17 AM Reply Like
  • benitus
    , contributor
    Comments (3472) | Send Message
     
    Good for you, tftf... Keep your shorts, if you're not trading like me. But you can always cover when it catches its breath and then go long to catch the rebound, before you short it again. Keep your volume small if you have your doubts.
    30 Dec 2013, 12:26 PM Reply Like
  • Potter Supertramp
    , contributor
    Comments (2) | Send Message
     
    There is a stupidity premium built into some shares that will eventually disappear. The valuation of Twitter is ridiculous. but we are in a world where the emperor often has no clothes. Bitcoins, for example, are not a currency and are actually not worth anything. It reminds me of the Beanie Babies craze. A friend said that two of her Beannie Babies were worth $1,000 each and, due to my dis-belief, phoned me up weeks later to say that she had sold them for $2,000 - and thus prove me wrong. When I questioned her further she admitted that she had swapped them for two other beannie babies worth $2,000. The same applies to Bitcoin. You do not value Bitcoin in Bitcoin but rather relative to other currencies (many of the exchanges just disappear with your cash anyway). Due to fluctuations you cannot price anything in Bitcoin as it has no value itself. It is ultimately worthless - or will be when we run out of naked emperors. Bitcoin is Beannie Baby currency for gullible gready grown-ups.
    30 Dec 2013, 12:16 PM Reply Like
  • tawse57
    , contributor
    Comments (830) | Send Message
     
    Any thoughts on how low twtr will go before they bounce it back up? Mid 50s?
    30 Dec 2013, 01:32 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9713) | Send Message
     
    Love it!
    30 Dec 2013, 01:33 PM Reply Like
  • m@ximus
    , contributor
    Comments (171) | Send Message
     
    Still expensive @ $55. Can be bought in 6 months with a more realistic prospect.
    30 Dec 2013, 01:44 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (6383) | Send Message
     
    The bubble burst was inevitable. Where are all the greater fools now?
    30 Dec 2013, 02:15 PM Reply Like
  • Black Gold
    , contributor
    Comments (793) | Send Message
     
    I'm not a TWTR defender and personally think it is way overvalued, but do you really equate a bubble burst to the price going back to what it was 5 days ago?
    30 Dec 2013, 06:45 PM Reply Like
  • tawse57
    , contributor
    Comments (830) | Send Message
     
    Seems most analysts think early 40s is a fair price. So quite a way to drop yet to reach there.
    30 Dec 2013, 02:48 PM Reply Like
  • benitus
    , contributor
    Comments (3472) | Send Message
     
    The bubble hasn't burst yet, my friends, but burst it certainly will. All it's doing now is to leak fluid and those with skin in the game are trying to prop it up, hoping it will return to lofty heights, but sad to say, it won't, unless the support is consistent and stable enough to attract the big-money and gamblers to pump it up again. That's anybody's guess. But if the support isn't forthcoming, the big-money and gamblers will cash out and turn it around, i.e. short and force the price down, and that's when the men will separate from the boys and the selloff really begins, so the bubble has yet to be.
    30 Dec 2013, 06:56 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (6383) | Send Message
     
    don't try and catch a falling knife-it could be dangerous
    30 Dec 2013, 07:32 PM Reply Like
  • mitrado
    , contributor
    Comments (2033) | Send Message
     
    The people who've bought the $NFLX, $HLF, $EXPE and $FB falling knives actually did pretty well after the storm.
    31 Dec 2013, 04:11 AM Reply Like
  • Jon Goodwin
    , contributor
    Comments (2) | Send Message
     
    Twitter named (by me) in a racketeering action filed in Colorado Federal District Court. A Silicon Valley law firm used by several of Twitter's VCs whose principals were or are on Twitter's board of directors attempted to frame me for tweeting a violent threat. The Tweet was bogus, Twitter knows it and I can prove it. A website has been established to track the case: http://bit.ly/18UOwp7 There's a brief linked from the front page that explains Twitter's involvement.
    30 Dec 2013, 09:19 PM Reply Like
  • wangguojie2006
    , contributor
    Comments (2) | Send Message
     
    I see a support @ $55ish
    31 Dec 2013, 12:43 AM Reply Like
  • tawse57
    , contributor
    Comments (830) | Send Message
     
    This stock is a coin toss where it goes from here.

     

    The big boys all got in at 26 bucks and are sitting on over 100% profit. They will pump and dump this stock within a given range for months and months IMPO. As Joe Public we have no idea whether they will let it drop to 50 or 40 or less before pumping it up 100% or more again.

     

    Heck, at 60 bucks they might decide to pump it to 120 bucks by first or second week of January. Flip a coin.

     

    It is purely a speculative punt stock IMPO.
    31 Dec 2013, 01:50 AM Reply Like
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